The Big Story
By Hridayesh Joshi | 30 Mar. 2026
By M Rajshekhar, Paridhi Choudhary and Shaswata Kundu Chaudhuri | 16 Mar. 2026
By M Rajshekhar | 2 Mar. 2026
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Major Steelmakers Lag in Transition to Net-Zero Emissions Production: Report
A new report involving 18 major steelmakers operating across 29 countries showed that none are currently ready to transition to net-zero emissions production. The report titled “SteelWatch Corporate Scorecard: The Transition Readiness Gap” said coal dependence remains the norm, despite many firms committing to long-term climate goals.
India Elevates Its Climate Ambition In A World Mired in Conflicts
Timing, in climate diplomacy, is everything. India released the third instalment of its Nationally Determined Contributions (NDC 3.0) this week as the West Asia crisis continues to intensify and energy markets convulsed.
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India’s CO2 Emission in 2025 Grew at Slowest Rate in Two Decades: Study
A new analysis by the Centre for Research on Energy and Clean Air (CREA) for Carbon Brief found that India’s carbon dioxide (CO2) emission in 2025 grew by 0.7%, the slowest rate in the last two decades. This is a sharp slowdown from the growth of 4-11% in the preceding four years and the lowest rate of increase since 2001, excluding the impact of COVID in 2020.
India Announces NDC 3.0, Focuses on Emission Cut and Clean Energy
India’s cabinet has approved the Nationally Determined Contributions (NDC 3.0) for the period 2031 to 2035 after months of delay, at a time when geopolitical conflict in West Asia disrupted the global energy supply chains and exposed the cost of fossil fuel dependence.
China Secures Global Green Energy Dominance with $120 Billion Investment
A new report found that China has committed more than US$120bn in outbound foreign direct investment (OFDI) into resource mining and processing since 2023. This massive investment has been spread over a wide spectrum of critical minerals such as lithium, rare earths, nickel, copper, high-grade iron ore, bauxite, precious metals and other materials — critical inputs for emerging technologies like batteries, solar, wind, EVs and industrial decarbonisation.
Data is the New Collateral: Building a High-Fidelity Indian Carbon Market
India is laying the foundation stones of a national compliance carbon market. The market design features and regulatory systems are progressively under development, and industries are starting to prepare for the market. Much of the conversation so far has focused on targets, sectors, and trading rules. These are of course important — but the strongest foundation of an effective carbon market is something far more elementary.
EVs Offsets Oil Consumption Equivalent to 70% of Iran’s Export in 2025: Report
A new analysis by Ember found that the electric vehicle fleet prevented the oil consumption of 1.7 million barrels per day of oil globally in 2025, which is equivalent to 70% or 2.4 million barrels exported by Iran through the Strait of Hormuz.
